SecureWorks (NASDAQ:SCWX) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of SecureWorks (NASDAQ:SCWX) in a report published on Friday. The firm issued a hold rating on the technology company’s stock.

SecureWorks Price Performance

Shares of SCWX stock opened at $8.51 on Friday. The business’s 50 day moving average is $8.51 and its two-hundred day moving average is $8.45. The company has a market cap of $755.94 million, a PE ratio of -8.60 and a beta of 0.94. SecureWorks has a 12 month low of $5.65 and a 12 month high of $9.76.

Institutional Trading of SecureWorks

Several hedge funds have recently added to or reduced their stakes in SCWX. Geode Capital Management LLC grew its stake in shares of SecureWorks by 14.1% in the third quarter. Geode Capital Management LLC now owns 160,430 shares of the technology company’s stock worth $1,420,000 after acquiring an additional 19,766 shares during the last quarter. State Street Corp raised its position in shares of SecureWorks by 5.5% during the third quarter. State Street Corp now owns 44,227 shares of the technology company’s stock valued at $391,000 after buying an additional 2,300 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of SecureWorks in the fourth quarter valued at about $317,000. Gardner Lewis Asset Management L P acquired a new stake in SecureWorks during the fourth quarter worth about $10,795,000. Finally, Retirement Solution LLC acquired a new stake in shares of SecureWorks during the 4th quarter worth approximately $85,000. Institutional investors own 14.38% of the company’s stock.

SecureWorks Company Profile

SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions; managed security services; and professional services, including incident response and penetration testing services.